Tokyo, Japan - May 19, 2017
Yokogawa Electric Corporation (TOKYO:6841) announces that it has joined the World Business Council for Sustainable Development (WBCSD). By joining this organization, Yokogawa will be able to accelerate its efforts to foster sustainability and thereby help to achieve the United Nation's Sustainable Development Goals (SDGs).
WBCSD is a CEO-led organization of almost 200 global companies that aims to have a positive impact on business, the environment, and society by encouraging the pursuit of sustainable practices. In so doing, it aims to accelerate the transition to a sustainable world and ensure the long-term success of its member companies.
The decision to join this organization is driven by an awareness of the need for a response to the pressing environmental issues that we all face. By working to achieve the transition from fossil fuels to renewable energy sources and introducing practices such as recycling, we can play a role in ensuring a more sustainable future for all. We believe that our membership in this organization will allow us to develop a better grasp of global market trends and develop tools and other solutions that businesses can use to enhance their sustainability.
Statement by Takashi Nishijima, Yokogawa President and CEO
Takashi Nishijima, Yokogawa's CEO, stated: "We are honored to become a member of WBCSD and to work together with it to realize a sustainable society. Joining WBCSD is a step forward in these efforts. We take seriously our responsibility to address environmental issues and other challenges that the world faces today, and are eager to contribute toward the realization of a better world by using our knowledge and capabilities in collaboration with our fellow WBCSD members."
Statement by Peter Bakker, WBCSD President and CEO
"WBCSD is proud to welcome Yokogawa. Their pledge to become a company that strives to drive the transition to a sustainable society makes Yokogawa and WBCSD a perfect fit. We look forward to supporting Yokogawa in this goal. We are also pleased to support them as they innovate and implement new business solutions for addressing global challenges, such as a changing climate and the shortage of water resources"
About the World Business Council for Sustainable Development
Founded in 1995, the World Business Council for Sustainable Development (WBCSD) is a Geneva-based organization that is committed to galvanizing the global business community to create a sustainable future for business, society and the environment. Together with its members, the Council applies its respected thought leadership and effective advocacy to generate constructive solutions and take shared action. Leveraging its strong relationships with stakeholders as the leading advocate for business, the Council helps drive debate and policy change in favor of sustainable development solutions.
WBCSD provides a forum for its member companies - who represent all business sectors and a combined revenue of more than $8.5 trillion, 19 million employees - to share best practices on sustainable development issues and to develop innovative tools that change the status quo. The Council also benefits from a network of 70 national and regional business councils and partner organizations, a majority of which are based in developing countries. www.wbcsd.org
Yokogawa's global network of 114 companies spans 59 countries. Founded in 1915, the US$3.7 billion company engages in cutting-edge research and innovation. Yokogawa is active in the industrial automation and control (IA), test and measurement, and aviation and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit www.yokogawa.com.